February 17, 2025 10:45 GMT
MNI BRIEF: China Supply Of New Homes Down In January - CRIC
MNI (BEIJING) - China’s supply of new homes across 100 typical cities fell in January to 11.27 million square meters, down 18% year-on-year and 40% month-on-month, data from real-estate research group CRIC showed on Monday.
Transaction volume reached 13.6 million square meters, down 11.7% year-on-year and 48.2% month-on-month, CRIC added.
The People’s Bank of China should enhance facilities supporting the nation’s stock markets and target stable asset prices, as traditional monetary policy loses effectiveness with inflation at very low levels, a prominent economist who advises the central bank told MNI in an interview. (MNI INTERVIEW: Call For PBOC To Boost Support For Stock Market)
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